Two PSV contract options declared effective for COSCO
Offshore staff
SINGAPORE –COSCO Corp. (Singapore) Ltd. reports that two option contracts, awarded to COSCO (Guangdong) Shipyard Co. Ltd., a subsidiary of the company’s 51% owned subsidiary, COSCO Shipyard Group Co. Ltd., for the construction of two platform supply vessels have been declared effective.
The option contracts, valued at $60 million, were from an unnamed Singapore-based company.
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